gmonchain

Major crypto exchanges temporarily halted withdrawals and certain functions due to technical issues stemming from Amazon Web Services (AWS).

⚫️Binance confirmed the issue and stated that its team is working closely with AWS to resolve the problem as soon as possible. All services are gradually being restored, and the withdrawal function has already resumed 
⚫️KuCoin also reported similar disruptions
⚫️Similar outages occurred in 2021, when dozens of services were affected due to AWS-related failures
⚫️In 2022, over 60% of Ethereum nodes were running through AWS — highlighting how dependent Web3 infrastructure still is on Web2 systems